Monday, April 4, 2011

Trade Guideline for Tuesday

On a daily chart, Nasdaq NQ is currently in an uptrend but closed as a doji on Monday, implies a balance market. Where it trades soon after the opening bell will decide the market bullish-bearish bias for Tuesday.

Line-in-the-Sand is around 2338-2340 area.
  • Bullish bias above LIS targeting 2350, then if that breaks, next upside target is 2360-2363 area.
  • Bearish below LIS targeting 2320 support, then if that break, target next support at 2300
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